A VDR is the perfect solution for anyone who requires an secure place to collaborate and share files, or needs to communicate with their clients. It eliminates the possibility that sensitive data could leak and allows you to work with multiple parties simultaneously. It guarantees compliance with regulatory standards such as FERPA GDPR HIPAA and eIDAS. VDRs are more secure than email. It is also more efficient and cost-effective.

It is important to consider the frequency you intend to use the software when choosing the VDR. Flexible licensing options let you reduce the cost of software while being able to access it when you need. Most vendors offer monthly and annual subscriptions and single-use licenses. Once you’ve determined the amount of transactions you intend to undertake each year, you can select the best license suitable for your company.

Another aspect to consider is the quality of customer support that the vendor provides. The best option is to provide support in several languages and be accessible via live chat, phone, or news email. Some VDR providers have dedicated teams that can assist users with complicated projects. It is important to think about how it will be easy to access the VDR from different operating platforms and devices. The platform should work on iOS and Android devices without a plugin. The storage and hosting areas of the VDR should be convenient to your company, too.